Chicago Bridge & Iron Maintains Nickel Dividend
Engineering and design firm for the energy industry Chicago Bridge & Iron announced yesterday its second-quarter dividend of $0.05 per share, the same rate it has paid since the first quarter of 2011 when it reinstated its dividend following a three-year hiatus.
The board of directors said the quarterly dividend is payable on June 28 to the holders of record at the close of business on June 14. Prior to suspending its dividend, CB&I had consistently made payouts to shareholders since 2000.
The regular dividend payment equates to a $0.20-per-share annual dividend yielding 0.4% based on the closing price of Chicago Bridge & Iron's' stock on May 9.
The article Chicago Bridge & Iron Maintains Nickel Dividend originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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